In this podcast, Leon and Garry talk about Treasurer Wayne Swan’s raft of bank reforms while the Senate economics committee has hearings into the banking business, Australia’s super system is to be manipulated, new figures show that despite the mining boom, the real economy is struggling with vehicle sales down, personal credit shrinking, dwelling commencements falling, low business confidence and more businesses expected to call in corporate undertakers and consumer confidence edges up.

In this podcast, Leon and Garry talk about the soaring Australian dollar with the NAB predicting it will hit $US1.10 in the next six months. Treasurer Wayne Swan warns that it could erode tax revenue with manufacturing, agriculture and tourism the hardest hit. Exporters are calling for government assistance to offset the impact of a strong dollar.

Leon and Garry talk about Treasurer Wayne Swan’s announcement that the government is headed for a larger-than-expected surplus. They look at speculation that Australia’s biggest banks could be forced to raise interest rates independently of the Reserve Bank decision. But they won’t do it until after the federal election.

The passage last Thursday of the Tax Laws Amendment Bill (2009 Measures no 4) represents the Rudd Government's first significant milestone on the road to delivering a more streamlined R&D Tax Credit for innovative Australian businesses.

The passage last Thursday of the Tax Laws Amendment Bill (2009 Measures no 4) represents the Rudd Government's first significant milestone on the road to delivering a more streamlined R&D Tax Credit for innovative Australian businesses.